When There Is an Equilibrium (Or a Nash Equilibrium),we Expect

question 9

Multiple Choice

When there is an Equilibrium (or a Nash Equilibrium) ,we expect that:

• A) once the firms get there,no one will change their strategy.
• B) firms will tend to select a randomized strategy.
• C) neither firm will care what it does.
• D) this is always a dominated strategy.

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Definitions:

South Carolina

A state in the southeastern United States, known for its coastal beauty, historic significance, and as an early adopter of secession leading to the Civil War.

Georgia

A state in the southeastern United States, known for its historical significance in both colonial America and the Civil War.

African-American Cultures

The social, cultural, and historical contributions and practices of African Americans, shaped by their unique experiences in the United States.

Mid-Eighteenth Century

A historical period that refers to the years approximately between 1730 and 1770, noted for significant developments in European and American societies including the Enlightenment and the lead-up to the American Revolution.